According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents in January increased $8 to $1,604 (up 13.9% year-over-year). Yardi says January’s performance
is a sign that demand remains robust.
“While rents are unlikely to remain in the 13% growth range throughout 2022, January’s performance is a sign that demand remains robust. Some 460,000 multifamily units were absorbed in 2021, according to Yardi Matrix data, more than double the previous year and more than 50% above the previous annual high.”
Click here to read the full report at Yardimatrix.com.
